The announcement of loan waivers for farmers has been cited as one of the key factors for a leading national party’s return to power in three Hindi heartland states of Madhya Pradesh, Chhattisgarh and Rajasthan. As we write this, diverse views from numerous experts on the efficacy of farm loan waivers are already in the air.
It is a matter of great pride that our initiative with the Government of Karnataka – ‘Unified Agriculture Market’ has won the Common Wealth Association of Public Administration International Innovation Awards – CAPAM 2018 in the ‘innovation in public services management’category at Guyana on October 24, 2018.
With every passing year, more and more Multinational Companies (MNCs) across the globe are entering the Indian market to sell value-added agri products that fetch far higher prices than what their India-sourced raw commodities fetch. For e.g. a popular brand’s 250 gms. packet of Cornflakes, with minimal fortification, sells at a 3-4 times higher price than raw cornflakes. The same goes for Imported Fruits like Apples, Oranges and Grapes that command a premium of 50-100% over the ones produced in India.
In the first and second part of this series on ‘Scientific Disposal of Buffer Stocks in India’, we spoke about why India urgently needs a concrete, scientific and systematic disposal plan for buffer stocks.
Indian Government has done a commendable job in ensuring food safety for the country’s more than 1.2 billion population. Popularly known as “buffer stock management of agricultural produce”, this has served well to almost eradicate hunger from the country. However, there is surely enough room to further improve the management of these buffer stocks, especially in their disposal.